Word: oils
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Dates: during 1930-1939
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Albania's Oil...
...didn't much care how important Albania's oil is to Mussolini until I noticed widely divergent estimates expressed in TIME and in TIME'S sister magazine, LIFE. Now I'm really curious...
TIME, April 17: "Albanian oil is at best of second-rate importance, probably not capable of supplying more than a tenth of Italy's peacetime needs...
LIFE, April 17: "Albania's oil wells have been developed nearly to the point of satisfying Italy's oil requirements...
...Reader Smith ought to know better than interfere in a family quarrel. Italy's present imports of oil are around 2,000,000 tons a year. This does not include imports for naval and military use (estimated at another 1,000,000 tons) which do not pass through the customs. The Italian oil company which has the exploitation of Albania's oil resources produced 120,-ooo tons last year, and hopes (perhaps over-sanguinely) to produce 300,000 tons...